Electronic Arts Inc. (NASDAQ:EA) Shares Sold by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. trimmed its position in Electronic Arts Inc. (NASDAQ:EA) by 3.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,205 shares of the game software company’s stock after selling 385 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in Electronic Arts were worth $1,493,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Cerity Partners LLC increased its position in shares of Electronic Arts by 46.9% during the 3rd quarter. Cerity Partners LLC now owns 29,177 shares of the game software company’s stock valued at $4,185,000 after purchasing an additional 9,310 shares during the period. Larson Financial Group LLC lifted its holdings in shares of Electronic Arts by 31.8% during the 3rd quarter. Larson Financial Group LLC now owns 290 shares of the game software company’s stock valued at $42,000 after buying an additional 70 shares during the last quarter. Townsquare Capital LLC increased its stake in shares of Electronic Arts by 94.3% during the 3rd quarter. Townsquare Capital LLC now owns 3,891 shares of the game software company’s stock worth $558,000 after purchasing an additional 1,888 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Electronic Arts by 2.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 320,537 shares of the game software company’s stock worth $45,978,000 after acquiring an additional 6,700 shares in the last quarter. Finally, Fiduciary Trust Co bought a new position in shares of Electronic Arts in the third quarter valued at approximately $261,000. 90.23% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on EA. Robert W. Baird cut their price target on Electronic Arts from $175.00 to $158.00 and set an “outperform” rating for the company in a report on Thursday, January 23rd. Oppenheimer lowered their price objective on shares of Electronic Arts from $170.00 to $165.00 and set an “outperform” rating for the company in a research report on Tuesday, January 21st. Bank of America raised their price target on Electronic Arts from $130.00 to $132.00 and gave the company a “neutral” rating in a report on Wednesday, February 5th. BNP Paribas downgraded Electronic Arts from an “outperform” rating to a “neutral” rating and set a $125.00 price target on the stock. in a research note on Monday, January 27th. Finally, Moffett Nathanson upgraded shares of Electronic Arts from a “neutral” rating to a “buy” rating and set a $145.00 price target on the stock in a research report on Friday, January 31st. Thirteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Electronic Arts has an average rating of “Hold” and an average price target of $155.65.

Insider Transactions at Electronic Arts

In other news, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $142.50, for a total value of $712,500.00. Following the sale, the chief executive officer now directly owns 32,615 shares of the company’s stock, valued at approximately $4,647,637.50. This represents a 13.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $147.57, for a total transaction of $147,570.00. Following the sale, the insider now directly owns 29,216 shares in the company, valued at $4,311,405.12. This trade represents a 3.31 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,000 shares of company stock worth $3,018,560. 0.22% of the stock is owned by company insiders.

Electronic Arts Stock Down 0.7 %

EA stock opened at $144.25 on Friday. The stock’s 50 day simple moving average is $133.05 and its 200 day simple moving average is $144.62. The company has a market cap of $37.59 billion, a P/E ratio of 36.70, a price-to-earnings-growth ratio of 3.58 and a beta of 0.78. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38. Electronic Arts Inc. has a fifty-two week low of $115.21 and a fifty-two week high of $168.50.

Electronic Arts (NASDAQ:EA) last issued its earnings results on Tuesday, February 4th. The game software company reported $2.34 earnings per share for the quarter, missing analysts’ consensus estimates of $3.41 by ($1.07). Electronic Arts had a return on equity of 17.80% and a net margin of 14.28%. On average, research analysts expect that Electronic Arts Inc. will post 4.71 earnings per share for the current fiscal year.

Electronic Arts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, February 26th were issued a $0.19 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.53%. Electronic Arts’s dividend payout ratio (DPR) is presently 19.34%.

Electronic Arts Profile

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. It develops and publishes games and services across various genres, such as sports, racing, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Need for Speed, and license games from others, including FIFA, Madden NFL, UFC, and Star Wars brands.